Cornerstone of Cost Management: E6-23 Using the same data found in Exercise 6.22

Cornerstone of Cost Management
Exercise 6.23 FIFO Method, Equivalent Units, Unit Cost, Multiple Departments
Using the same data found in Exercise 6.22, assume the company uses the FIFO Method.

Required:
1. Prepare a schedule of equivalent units (enter percentages as whole numbers) and compute the unit cost for the month of December. (Round intermediate calculations and your final answer to the nearest cent)
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